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Electrical Engineering Labor Pool Shrinking
dcblogs writes "The number of electrical engineers in the workforce has declined over the last decade. It's not a steady decline, and it moves up and down, but the overall trend is not positive. In 2002 the U.S. had 385,000 employed electrical engineers; in 2004, post dot.com bubble, it was at 343,000. It reached 382,000 in 2006, but has not risen above 350,000 since then, according to U.S. Labor Data. In 2012, there were 335,000 electrical engineers in the workforce. Of the situation, one unemployed electrical engineer said: 'I am getting interviews but, they have numerous candidates to choose from. The employers are very fussy. They are really only interested in a perfect match to their needs. They don't want the cost to develop talent internally. They are even trying to combine positions to save money. I came across one employer trying to combine a mechanical and electrical engineer.'"
Employers don't want to develop talent in-house because that's expensive -- and will get more so as the employee becomes more attractive to the company's competitors. Employers also don't want to hire people to increase their talent pool; rather, they want to hire "super talent" in order to fire one or more lesser engineers.
Those hundreds of positions you see advertised? They aren't a sign of growth, but of stagnation, and a nearly total absence of investment (even from the profits that a company is supposed to be making).
Work prospects are equally dire in the humanities. Better advise your children to not go to college at all and become skilled craftspeople instead.
The employers are very fussy. They are really only interested in a perfect match to their needs. They don't want the cost to develop talent internally. They are even trying to combine positions to save money. I came across one employer trying to combine a mechanical and electrical engineer.
Read between the lines: "We can replace all of them with immigrants, but only if we can prove there's nobody who can fill the position. I know! Let's draft the requirements so they're impossible to fill, then hire the same person we would have anyway at half the price because we had to 'settle'. Brilliant!"
#fuckbeta #iamslashdot #dicemustdie
The H1B war has succeeded and much champagne will be spilled. STEM majors are giving up as the field simply isn't worth going into in this country. Meanwhile I hear that McJobs are hiring and if you work really hard for a long time you might move from 30 hours a week to 40 hours a week where you get really, really bad benefits!
I worked at a University for a few years and I saw bright US students routinely drop out of STEM and choose other fields because of outsourcing. Meanwhile the bright international students happily came over, took our STEM classes and are heading back to create the next great thing. We've engineered a future without ourselves, our founding fathers would be ashamed.
Employers want to make as much money as possible without having to pay people.
Its been said before:
The tendency of the rate of profit to fall is a theory put forward by Marx to the effect that the rate of profit enjoyed by capitalists will get smaller and smaller over time. This is because capitalists use more and more developed materials and machinery in their production as the labour process becomes more and more socialised over time, and use smaller and smaller amounts of wage-labour per unit output.
personally I think Marx's criticism of capitalism is pretty accurate. Its only where he assumes that uprising and revolution will lead to some utopian ideal that he goes wrong.
That's not the only thing he gets wrong.
He also thought that economic exchange occurred with things of equal value. Even economists of his time knew this wasn't true.
Economic exchange occurs when things are valued unequally, otherwise, why bother exchanging at all? Transaction costs make an exchange a poor decision. If on the other hand I value what you have more than what I have, and you value what I have more then what you have, we trade. This could be a barter or money might be involved.
That is put perfectly, and matches my own experience.
I'm out of school for 12-13 years and my salary is just barely 50-60% higher than starting, which was exceptional at the time. If you don't make the move to marketing, sales or management you will stagnate. The exception of course is for anyone who is above average and performing company critical functions (but then you need to constantly apply pressure to see increases).
I'm not complaining, I like the work and I still get paid very well compared to the average person...
Isn't it sad that the engineers are the ones who actually do the work, while managers are just overhead, yet the managers are the ones who get the money?
"-1 Troll" is the apparently the same as "-1 I disagree with you."